30-Day Federal Register Notice

[3064-0171] 30 Day Notice - 2019.pdf

Registration of Mortgage Loan Originators

30-Day Federal Register Notice

OMB: 3064-0171

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Federal Register / Vol. 84, No. 22 / Friday, February 1, 2019 / Notices

Closed Session—Audit Committee
• CFO Report-List & Status of All
Contracts
• Federal Managers Financial Integrity
Act Vulnerability Review
• Annual Report on Whistleblower
Activity
Dated: January 9, 2019.
Dale Aultman,
Secretary, Farm Credit System Insurance
Corporation.
[FR Doc. 2019–00618 Filed 1–31–19; 8:45 am]
BILLING CODE 6705–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request (OMB No.
3064–0136 and –0171)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

The FDIC, as part of its
obligations under the Paperwork
Reduction Act of 1995 (PRA), invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of the existing

SUMMARY:

of the comments may also be submitted
to the OMB desk officer for the FDIC:
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Washington, DC 20503.

information collections described below
(control Numbers 3064–0136 and 3064–
0171). On November 2, 2018, the FDIC
requested comment for 60 days on a
proposal to renew these information
collections. No comments were
received. The FDIC hereby gives notice
of its plan to submit to OMB a request
to approve the renewal of these
collections, and again invites comment
on their renewal.
DATES: Comments must be submitted on
or before March 4, 2019.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• https://www.FDIC.gov/regulations/
laws/federal.
• Email: [email protected]. Include
the name and number of the collection
in the subject line of the message.
• Mail: Jennifer Jones (202–898–
6768), Counsel, MB–3105, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
• Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the 17th Street Building
(located on F Street), on business days
between 7:00 a.m. and 5:00 p.m.
All comments should refer to the
relevant OMB control number. A copy

FOR FURTHER INFORMATION CONTACT:

Jennifer Jones, Counsel, 202–898–6768,
[email protected], MB–3105, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
On
November 2, 2018, the FDIC requested
comment for 60 days on a proposal to
renew the information collections
described below.1 No comments were
received. The FDIC hereby gives notice
of its plan to submit to OMB a request
to approve the renewal of these
collections, and again invites comment
on these renewals.
Proposal to renew the following
currently approved collections of
information:
1. Title: Privacy of Consumer
Information.
OMB Number: 3064–0136.
Form Number: None.
Affected Public: Insured state
nonmember banks and consumers.
SUPPLEMENTARY INFORMATION:

Burden Estimate

SUMMARY OF ANNUAL BURDEN
Estimated
number of
respondents

Estimated
frequency of
responses

Estimated
time per
response

Frequency
of response

Total annual
estimated
burden
(hours)

Type of
burden

Obligation
to respond

Reporting ............................

Voluntary ..........

404,921

1

.25

On Occasion ....

101,230.25

Consumer Opt-Out/Status
Update.
Annual Notice and Change
in Terms.
Initial Notice to Consumers
Opt-Out Notice ....................

Third-Party Disclosure .......

Mandatory ........

3,493

1

8

On Occasion ....

27,944

Third-Party Disclosure .......
Third-Party Disclosure .......

Mandatory ........
Mandatory ........

156
349

1
1

60
8

On Occasion ....
On Occasion ....

9,360
2,792

Total Hourly Burden ....

............................................

...........................

........................

........................

........................

...........................

141,326.25

General Description of Collection
The elements of this collection are
required under sections 503 and 504 of
the Gramm-Leach-Bliley Act, 15 U.S.C.
6803, 6804. The collection mandates
notice requirements and restrictions on
a financial institution’s ability to
disclose nonpublic personal information
about consumers to nonaffiliated third
parties.
There is no change in the method or
substance of the collection. However,

1 83

the FDIC has reviewed its previous PRA
submission and has reassessed its
burden hours associated with
responding to the existing requirements
of sections 503 and 504 of the GrammLeach-Bliley Act. In particular, the time
to comply with sections 503 and 504
has decreased due to streamlined and
technological advances. In addition, the
FDIC has also updated its estimated
number of respondents based on
available information. The overall

decrease in burden hours is the result of
these changes.
2. Title: Registration of Mortgage Loan
Originators (SAFE Act).
OMB Number: 3064–0171.
Form Number: None.
Affected Public: FDIC Supervised
Institutions and Employee Mortgage
Loan Originators.
Burden Estimate

FR 55167 (November 2, 2018).

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21:23 Jan 31, 2019

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Federal Register / Vol. 84, No. 22 / Friday, February 1, 2019 / Notices
SUMMARY OF ANNUAL BURDEN
Frequency
of response

1

20 hours .............

On Occasion.

71,500

3,575

1

60 hours .............

On Occasion.

214,500

Mandatory ..........

3,575

1

20 hours .............

On Occasion.

71,500

Third Party Disclosure ..........

Mandatory ..........

3,575

1

25 hours .............

On Occasion.

89,375

Reporting ..............................

Mandatory ..........

3,575

1

15 minutes .........

893.75

Reporting ..............................

Mandatory ..........

88,646

1

15 minutes .........

On Occasion.
On Occasion.

Reporting ..............................

Mandatory ..........

38,118

1

15 minutes .........

On Occasion.

9,529.50

Recordkeeping ......................

Mandatory ..........

3,575

1

4 hours ...............

On Occasion.

14,300

Third Party Disclosure ..........

Mandatory ..........

88,646

1

1 hour .................

On Occasion.

88,646

...............................................

............................

........................

........................

............................

...............

582,405.75

Obligation
to respond

Financial Institution Policies
and Procedures for Ensuring Employee-Mortgage
Loan Originator Compliance With S.A.F.E. Act Requirements.
Financial Institution Procedures to Track and Monitor
Compliance with S.A.F.E.
Act Compliance.
Financial Institution Procedures for the Collection and
Maintenance of Employee
Mortgage Loan Originator’s
Criminal History Background Reports.
Financial Institution Procedures for Public Disclosure
of Mortgage Loan Originator’s Unique Identifier.
Financial Institution Information Reporting to Registry.
Mortgage Loan Originator Initial and Annual Renewal
Registration Reporting and
Authorization Requirements.
Mortgage Loan Originator
Registration Updates Upon
Change in Circumstances.
Financial Institution Procedures for the Collection of
Employee Mortgage Loan
Originator’s Fingerprints.
Mortgage Loan Originator
Procedures for Disclosure
to Consumers of Unique
Identifier.

Recordkeeping ......................

Mandatory ..........

3,575

Recordkeeping ......................

Mandatory ..........

Recordkeeping ......................

Total Hourly Burden .......

General Description of Collection
This information collection
implements the Secure and Fair
Enforcement for Mortgage Licensing Act
of 2008 (SAFE Act) requirement that
employees of Federally-regulated
institutions who engage in the business
of a mortgage loan originator to register
with the Nationwide Mortgage
Licensing System and Registry and
establishes national licensing and
registration requirements. It also directs
Federally-regulated institutions to have
written policies and procedures in place
to ensure that their employees who
perform mortgage loan originations
comply with the registration and other
SAFE Act requirements.
There is no change in the method or
substance of the collection. The overall
reduction in burden hours is the result
of economic fluctuation. In particular,
the number of respondents has
decreased while the hours per response
and frequency of responses have
remained the same.
Dated at Washington, DC, on January 28,
2019.

VerDate Sep<11>2014

Total
annual
estimated
burden
(hours)

Estimated
time per
response

Estimated
number of
respondents

Type of
burden

21:23 Jan 31, 2019

Jkt 247001

Estimated
frequency of
responses

Federal Deposit Insurance Corporation.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2019–00561 Filed 1–31–19; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request (OMB No.
3064–0178)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

The FDIC, as part of its
obligations under the Paperwork
Reduction Act of 1995 (PRA), invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of the existing
information collection described below
(3064–0178).
DATES: Comments must be submitted on
or before April 2, 2019.
SUMMARY:

PO 00000

Frm 00075

Fmt 4703

Sfmt 4703

22,161.50

Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• https://www.FDIC.gov/regulations/
laws/federal.
• Email: [email protected]. Include
the name and number of the collection
in the subject line of the message.
• Mail: Jennifer Jones (202–898–
6768), Counsel, MB–3105, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
• Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the 17th Street Building
(located on F Street), on business days
between 7:00 a.m. and 5:00 p.m.
All comments should refer to the
relevant OMB control number. A copy
of the comments may also be submitted
to the OMB desk officer for the FDIC:
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT:
Jennifer Jones, Counsel, 202–898–6768,
[email protected], MB–3105, Federal
ADDRESSES:

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